Nifty Prediction : Nifty – looking 11200-250 | Wait to hold levels | Emotions for IT

Daily Forecast – Share Market – July 28th, 2020

Nifty – looking 11200-250 | Wait to hold levels | Emotions for IT

Mars with Jupiter is leading the day with support of Venus, Mercury, Saturn, Sun, and Ketu. As mentioned in my previous day’s observations that opportunities at dip, may give advantage on date, possibly show better levels. Wait to stabilize the market before planning for long, otherwise Intraday for smart traders only.

Banks may be preparing for a pull back from lower levels or previous levels, avail advantages. IT and related areas may be showing their strength (they have worked properly in lockdown), only impact may be weakness of collection of payments, possibly delayed or likewise situation due to poor values of crude in acute global lockdown (when it touched negative values or high decline) due to storage issues.

Banks are enjoying benefit from their retail clients mainly. Which has covered NPAs of corporate or delayed payments from corporates (but are also got advantage from RBI).

Issues will be for executives or office employees (real middle class and “HONEST TAX-PAYER” but not casting their votes or coming for agitations). This may hurt sentiments of certain areas in demand and affecting their consumption story. Areas may be white goods, automobile in coming period (but may not hurt HCVs or LCVs).

Long accordingly. Edibles, sugar, textiles, leather, laboratories, essentials like Pharmaceuticals, health-care, banks, financial institutions, defence, radar based (national and international requirements) and likewise areas also. Many sectors may show action

Look for opportunities but wait to settle down the market.

Indian Currency

Indian Rupee may trade in between 74.20 to 75.20 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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